FTX (Re)Turns, BTC (Not)Moneyz, ETF (Un)Coming and 20 Crypto Jokes

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This week in crypto we had FTX: it had initial discussions with investors about returning the FTX.com exchange via structures such as a joint venture, the new management team of FTX recovered around 7 billion dollars worth of liquid assets, the exchange paused on the sale of its stake in AI startup Anthropic, it was revealed that Sam Bankman-Fried had shot a cryptocurrency tutorial video for MasterClass, and the Sequoia partner Alfred Lin claimed the FTX investment was a good move at the time.

Meanwhile, powerful Binance co-founder Yi He finally broke his silence amid regulatory turmoil, and Binance rolled back the restriction on privacy coins for European customers. KuCoin implemented a mandatory KYC process, Prime Trust was facing imminent shutdown as Nevada regulators decided to shut it down, and after dropping the deal with Prime Trust, BitGo considered further acquisitions. MicroStrategy added another 12,333 bitcoins to its portfolio, Grayscale Bitcoin Trust’s share price hit a one-year high fueled by renewed ETF optimism, a new ETF backed by BTC futures and with 2x leverage is expected to go live on Tuesday, and investing in digital asset-backed funds saw their biggest weekly inflows in a year.

While this was happening, the Bank of England suggested that the ‘Britcoin’ CBDC might not rely on blockchain, and the Swiss Central Bank said it was launching a wholesale CBDC on the SIX digital exchange in as part of a pilot project. Canadian lawmakers recognized blockchain as an innovative industry with “significant long-term potential,” Argentina’s top financial regulator wanted to adopt crypto regulations set by the FATF, a South Korean court ruled that “Bitcoin is not ‘money’ and ‘interest rate rules don’t apply’ to business transactions involving crypto, Russia’s Supreme Court has ruled that criminals’ BTC-to-fiat transactions can be considered money laundering , Japanese token issuers have been exempted from corporation tax on unrealized crypto gains, and the UK Legal Commission has called for a special legal framework for crypto as collateral.Robert F. Kennedy Jr. committed to defending the right of US citizens to hold and use BTC, and FCA Digital Assets Manager Binu Paul left the organization less than a year after joining.

In other news, Three Arrows Capital founders faced $1.3 billion recovery demand from liquidators, report found BTC falling out of favor among cybercriminals, Israel seized millions dollars in crypto used to fund militant groups, three suspected Brazilian crypto scammers were arrested trying to flee to Argentina, and the infamous 2020 Twitter hacker who phished thousands of dollars in Bitcoin , was sentenced to five years in prison.

In other other news, a hospital in Brazil has become the first in the country to accept crypto-payment, a survey found that a fifth of French workers would like to receive all or part of their salary in crypto, the Swiss banking giant Julius Baer Group decided to expand its crypto presence in Dubai, NEAR Foundation and Alibaba Cloud joined forces to drive Web3 development in Asia and the Middle East, and Warner Music Group and Polygon Labs teamed up to launch a music accelerator program. Then Coinbase offered to loan $50 million to Hut 8, and miners in Texas halted operations due to a heat wave and subsequent spike in electricity prices. Finally, FC Barcelona partnered with World of Women to create an NFT inspired by Alexia Putellas, and Azuki’s NFTs lost value as investors criticized the Elementals’ “identical” work.

And now, let’s laugh at some carefully selected jokes.

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GM, CT! What’s new?

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No sweat at all.

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I look forward to those 40K.

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The best advice ever. Thank God!

Source: coinpediamemes / Instagram

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Which are you?

Source: coingape.tv/Instagram

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Daaaaarrrrn!

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It’s just a very small loss.

Source: devchart/Twitter

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Let’s check out the sentiment this week.

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Don’t panic. First check: it might be one of your spelling papers after all.

Source: coin.office / Instagram

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👀

Source: crypto_invest_mentality / Instagram

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Well, that’s a big boo.

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You can trade banana and crypto at the same time.

Source: forex / Instagram

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Just need to say a very loud “argh”. Good luck.

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Welcome, crafty sonovabeesh!

Source: thomas_fahrer / Twitter

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Aaaand discuss.

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Phew.

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Well well well. How the turntables.

Source: coinpediamemes / Instagram

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That’s why he’s biologically there.

Source: cryptoai_nexus / Instagram

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Not. Even. Your. Bank. (Drop the mic. Applause and ‘whoooo’ everywhere.)

Source: xamanap/Twitter

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And finally, a documentary.

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